Tuesday , October 16 2018

Business

6 directors recruited in Al-Khafji zone

KUWAIT CITY, Oct 15: The Kuwaiti- Saudi committee responsible for the joint operations in Al-Khafji zone has issued a circular concerning the recruitment of six directors in Al-Khafji zone and postponement of the filling of a vacant position, reports Al-Rai daily. According to the circular, Kaheil Al-Otaibi has been appointed …

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Daimler AG chooses Al Mulla Group as its new Mercedes-Benz distributor in Kuwait

Appointment will take effect January 01, 2019 KUWAIT CITY, Oct 15: Daimler AG, the owner of the Mercedes- Benz brand, has announced Al Mulla Group as its future distributor in Kuwait, operating under the name ‘Al Mulla Automobiles Company for Buying and Selling Cars SPC’. The distributorship will comprise passenger …

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Unlocking opportunities from above: Zain Drone services launched in Kuwait

Artificial Intelligence-enabled autonomous systems and Anti-Drone services also provided KUWAIT CITY, Oct 15: Zain Group, the leading mobile telecom operator in eight markets across the Middle East and Africa, announced the launch of its pioneering Zain Drone service in Kuwait, with the plan to expand its operation to other markets …

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Dubai property prices decline

‘Debt law will make market more resilient’ DUBAI, Oct 15, (RTRS): Dubai property prices declined at an accelerated pace in the third quarter, with off-plan sales volumes impacted the most amid general market uncertainty, according to property consultancy Chestertons. Average sales prices for apartments and villas have declined six percent …

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Kuwaiti-Qatari trade volume touches $360 million in 2017

‘Significant growth by 100 percent’ KUWAIT CITY, Oct 15, (KUNA): The volume of trade between Kuwait and Qatar has surged to $360 million in 2017, a significant growth by 100 percent, compared to $173 million in 2016, Kuwait Chamber of Commerce and Industry announced Monday. Meanwhile, KCCI mentioned, in a …

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Kuwait sinks in broad decline, volume soars

Zain dips 11 fils, Burgan Bank ticks up KUWAIT CITY, Oct 14: Kuwait stock index dipped below the 5000 pts mark after charting a sluggish course in the previous week. The All Shares Index slid 73.27 points to a broad decline to 4992.54 pts led by heavyweights as regional weakness …

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Zain showcases digital capabilities at GITEX, advocating ‘New Kuwait’ vision

Zain among first cos to support expansion KUWAIT CITY, Oct 14: Zain Kuwait inaugurated its dedicated booth at The Gulf Information Technology Exhibition (GITEX Technology Week 2018). The international event is hosted in Dubai until Oct 18, where technology leaders and pioneers gather under one roof for five days to …

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Value of real estate properties not changed since beginning of fiscal yr

KUWAIT CITY, Oct 14: Official figures released by the Ministry of Finance revealed that the value of real estate properties of the State has not changed since the beginning of the current fiscal year – KD 12.82 billion, while the cost of damages to these properties reached KD 153.39 million, …

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FinTech an ‘essential’ global financial tool: local bankers

Modern tech used to provide innovative financial services, solutions KUWAIT CITY, Oct 13, (KUNA): The latest mating of modern technology and the financial sector has resulted in the increasing number of technological-based services currently competing with traditional institutes such as banks and other bodies. The number of companies and financial …

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$80 pb is ‘dangerous’ to the world economy

During an oil conference in London last week, international oil countries were warned about the danger of oil prices rising above the level of $80. It is a red-line and a warning sign that such a level will lead to weakening of the world economy and possibly recession. Oil companies …

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